allen bingham's meanderings

OUCH! Look what is happening to the cost of education! I am just catching up!

thenewrepublic:

Occupy the universities?

With the costs of a college education astonishingly high and youth job prospects incredibly dim in this economy, is going to college worth it anymore?

“The students in Zuccotti Park are right to focus on the injustices of student debt: Many of them are indentured to the very banks that destroyed the economy and along with it the jobs students need to pay their loans back. The banks were bailed out for their trouble, while students are left with debt that, thanks to financial industry lobbying, can’t be discharged in bankruptcy. Outstanding student loans in the United States are projected to reach $1 trillion this year, a larger sum than credit card debt.”

- Kevin Carey “Why Obama Should Pay Attention To Occupy Wall Street’s Critique of Higher Education”

Photo courtesy of Andy Wibbels.

2 November 2011 ·

• Tags
• the new republic
• college costs
• inflation
• meanderings